Xoriant Acquires CloudIO to Advance Enterprise Digital Transformation

Xoriant Acquires CloudIO

Giant technology service provider teams up with CloudIO to deliver innovative IOT automation solutions

Xoriant Corporation announced the acquisition of CloudIO to deliver digital transformation solutions. The Silicon Valley based Xoriant Corporation expertise in product engineering, software development, and technology services, company teams up with Indian established Cloud solution firm enables enterprises to build custom business solutions leveraging pre-built applications in IoT automation, supplier management, and financial statement analysis.

Seeing the huge customer base including positioned as one of the leading IOT solution provider in India and other countries, Xoriant Corporations collaborated with CloudIO.

CloudIO applications advantage existing IT investments. They can be deployed quickly with an intuitive user interface and can be built incrementally providing immediate business value and rapid ROI.

CloudIO offers various pre-packaged applications powered by its CloudIO framework including:

  • Supplier Collaboration & Management enabling purchasing & finance professionals to on-board and engage with vendors at scale.
  • Financial Statement Generator, integrated with Oracle EBS and with a powerful and interactive UI, helping controllers & financial analysts to dig deep down into financial data across General Ledger and SLA for financial statement lineage.
  • IoT automation framework for building micro apps to proactively manage, monitors, and optimize IoT devices leveraging cloud first frameworks.

 

Founder and CEO of Xoriant, Girish Gaitonde said “CloudIO’s marquee customer base spans the financial and social media industry that perfectly complements Xoriant’s enterprise customer relationships. This acquisition enables us to jointly deliver digital transformation solutions to these customers”. “We have a comprehensive roadmap to roll out many more CloudIO applications to further foster our digital transformation engagements,” he added.

“We are excited to be a part of Xoriant and partner with leading cloud and solution providers including Microsoft, Amazon, and Oracle,” said Sreenivas Thammaneni, Founder and CTO of CloudIO. “As a Xoriant company, we will be able to scale our digital transformation offerings to more customers deploying private, public and hybrid cloud solutions,” he added.

Xoriant

Firm with offices in the U.S., Europe and Asia, headquartered at Silicon Valley, Xoriant expertise in product engineering, software development, and technology services.

CloudIO

With IOT solutions and proficient in analysing custom businesses maximizing their value, improve the user experience and drive efficiency.

Architected around a common, no-code framework, enterprises can also easily extend or create custom solutions that perfectly fit their business requirements, have a very short time-to-market and are so flexible that they evolve continuously along with business needs while being able to leverage legacy infrastructure.